(IN BRIEF) Kati ter Horst will become the President and CEO of Outokumpu on October 1, 2024, leading to her resignation from her current role as a member and vice chairman of the company’s board of directors. The board will … Read the full press release
(IN BRIEF) Thyssenkrupp Steel, E.ON, and König-Brauerei have launched an innovative project that repurposes waste heat from steel production to power the brewing processes at König-Brauerei. The initiative, which includes the construction of a steam transfer pipeline by E.ON, allows … Read the full press release
(IN BRIEF) AMAG Austria Metall AG has signed the Antwerp Declaration, joining over 1,000 energy-intensive companies in calling for a European Industrial Deal to support the transition to climate neutrality while maintaining Europe’s industrial competitiveness. The declaration outlines ten key … Read the full press release
Posted in Austria, Business, Environment, European Union, Financial, Government, Industrial, Investment, Law, Management, Metals and Minerals, News
Tagged AMAG, Antwerp Declaration, European Industry, Helmut Kaufmann, partnership, sustainablity
(IN BRIEF) The HYBRIT initiative, a collaboration between SSAB, LKAB, and Vattenfall, has reported successful results from six years of research aimed at creating fossil-free iron and steel production. The project has demonstrated that using fossil-free hydrogen and electricity to … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Sweden
Tagged and Vattenfall, Andreas Regnell, fossil-free, HYBRIT, industrialization, Klara Helstad, LKAB, partnership, SSAB, steel production, sustainability, Ulf Spolander
(IN BRIEF) Metso has initiated union negotiations regarding potential temporary layoffs of up to 90 days in its Aggregates business area in Finland. This decision comes in response to low demand, high inventory levels, and a decrease in orders at … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Investment, Management, Metals and Minerals, News
Tagged Aggregates Business, economy, Financial, Metso, Temporary Layoffs
(IN BRIEF) The European Investment Bank (EIB) has committed €150 million to support the Keliber lithium project in Finland, operated by Sibanye-Stillwater. This investment is part of a €500 million package aimed at establishing the EU’s first integrated battery-grade lithium … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Finland, Government, Industrial, Investment, Luxembourg, Management, Metals and Minerals, News, Technology, Transportation & Logistics
Tagged EIB, electric vehicles, EU, Finland, Keliber Project, Lithium Supply, partnership, sustainability
(IN BRIEF) Siemens Smart Infrastructure has launched the SIVACON 8MF1, the first industrial control cabinets made entirely from green steel. Produced by Alpha Verteilertechnik in Germany, these cabinets are manufactured using 100% scrap metal and wind power, resulting in a … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Switzerland, Technology
Tagged Alpha Verteilertechnik, CO₂ emissions, Eco-Friendly Control Cabinets, Germany, partnership, Siemens, sustainability
(IN BRIEF) voestalpine is expanding its Indiana facility by 15,000 square meters and doubling its production capacity to 80,000 tons, following major orders from global truck manufacturers. The EUR 70 million (USD 78 million) investment will create 110 new jobs … Read the full press release
Posted in Austria, Business, Construction, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Technology, Transportation & Logistics
Tagged Carola Richter, Herbert Eibensteiner, partnership, sustainability, Truck Manufacturers, USA, voestalpine
(IN BRIEF) Moody’s has reaffirmed Outokumpu’s Ba2 corporate family rating with a stable outlook, maintaining the upgrade it made in May 2023 from a previous Ba3 rating. The decision reflects Moody’s recognition of Outokumpu’s strong financial position and successful profit … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Investment, Management, Metals and Minerals, News
Tagged Financial, investment, Marc-Simon Schaar, Moody, Outokumpu
(IN BRIEF) The recent voestalpine cares run has successfully raised €700,000 for various charitable initiatives, building on last year’s inaugural event. With over 5,700 employees from more than 40 countries participating in physical activities like running and hiking, the campaign … Read the full press release
Posted in Austria, Business, Financial, Industrial, Investment, Management, Media, Metals and Minerals, News, Non Profit, Society
Tagged charity, Doctors Without Borders, fundraising, handcycling, Herbert Eibensteiner, hiking, Hilfswerk International, humanitarian, running, the Austrian Red Cross, UNICEF, voestalpine, voestalpine Cares Run, walking, wheelchairing
(IN BRIEF) Outokumpu is advancing its entry into the metal powder market for additive manufacturing, transitioning to commercial production after a successful pilot year at its Krefeld facility in Germany. The company aims to produce up to 330 tons of … Read the full press release
Posted in Business, Environment, Financial, Finland, Germany, Government, Industrial, Investment, Management, Metals and Minerals, News
Tagged Germany, Marten Franz, Metal Powder Production, Outokumpu, partnership, sustainability
(IN BRIEF) Glencore initially proposed the demerger of its coal and carbon steel materials business following positive feedback during its acquisition approach to Teck in early 2023. However, evolving shareholder views on ESG and increased support for Glencore’s climate strategy … Read the full press release
(IN BRIEF) PVA TePla has partnered with Scientific Visual, acquiring a 25% stake to enhance its silicon carbide quality control capabilities. This collaboration aims to improve the inspection and production yield of silicon carbide crystals, meeting the growing global demand … Read the full press release
Posted in Business, Electronics & Machinery, Environment, Financial, Germany, Government, Industrial, Investment, Management, Metals and Minerals, News, Switzerland, Technology
Tagged acquisition, Dr. Ivan Orlov, Jalin Ketter, partnership, PVA TePla, quality control, Scientific Visual, silicon carbide crystals, sustainability, Switzerland
(IN BRIEF) NORMA Group has secured a contract to supply V-band clamps for a German energy storage facility, supporting the cooling system of large stationary batteries. The contract, valued at EUR 2.4 million, spans from 2024 to 2028, providing between … Read the full press release
Posted in Business, Electronics & Machinery, Energy, Gas & Oil, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, United Kingdom
Tagged Energy Storage Facility, Germany, Guido Grandi, Norma Group, partnership, UK, V-band clamps
(IN BRIEF) Evonik’s MACBETH project marks a revolutionary advancement in the chemical industry. The team, led by Robert Franke, installed a demonstration plant at the Marl Chemical Park, showcasing innovative research cast in steel and iron. This project highlights significant … Read the full press release
Posted in Business, Chemicals, Financial, Germany, Industrial, Investment, Management, Metals and Minerals, News, Technology
Tagged Chemical Industry, Evonik, INNOVATION, MACBETH Project, Robert Franke
(IN BRIEF) ArcelorMittal has completed the acquisition of a 28.4% equity interest in Vallourec from Apollo Global Management for approximately €955 million. Following the acquisition, ArcelorMittal executives will join Vallourec’s board. ArcelorMittal does not plan to launch a tender offer … Read the full press release
(IN BRIEF) The University of Exeter is relaunching its undergraduate Mining Engineering degree programme at the Penryn Campus, starting in the 2025/26 academic year. The programme, part of the University’s Engineering 2030 Strategy, is reintroduced by the Camborne School of … Read the full press release
Posted in Business, Education, Environment, Financial, Industrial, Investment, Management, Metals and Minerals, Science, Technology, United Kingdom
Tagged Andrew Fulton, Camborne School of Mines, Education, Matt Daley, mining, Mining Engineering Degree Programme, Professor Lisa Roberts, Professor Pat Foster, University of Exeter
(IN BRIEF) Plenitude has signed a 10-year Corporate Power Purchase Agreement (PPA) with Ferriera Valsabbia to supply energy from a 15MW wind farm in Sannicandro di Bari, Italy. Starting in September 2024, the wind farm will generate over 350 GWh … Read the full press release
Posted in Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, Metals and Minerals, News
Tagged Alessandro Della Zoppa, Eni, Ferriera Valsabbia, partnership, Plenitude, Renewable Wind Energy, Ruggero Brunori, sustainability
(IN BRIEF) FLSmidth has secured a DKK 340 million order to supply nine thickeners and six filters for a new lithium project in Nevada, USA. Scheduled for delivery in 2025/2026, the equipment will enhance lithium supply for electric vehicle batteries, … Read the full press release
Posted in Automotive, Business, Chemicals, Denmark, Environment, Financial, Government, Industrial, Investment, Management, Metals and Minerals, News, Technology
Tagged Chris Reinbold, EV Battery Production, FLSmidth, Lithium Project, Nevada, partnership, sustaianability, USA
(IN BRIEF) Henkel has launched Bonderite M CR 1405, a RoHS-compliant product that integrates metal passivation and pretreatment into a single step, enhancing efficiency and sustainability in color coating processes. This innovation reduces energy and water consumption by eliminating the … Read the full press release
Posted in Business, Environment, Financial, Germany, Industrial, Investment, Management, Metals and Minerals, News, Technology
Tagged Bonderite M CR 1405, Henkel, Metal Treatment, sustainability, Volker Mansfeld
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